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[Poll]
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If your spouse fell over dead tonight
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| We are set financially for disaster |
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| maybe my parents or in-laws could help. |
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| I would be sunk. I don't know what would happen. |
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| I would have to get aid from government or church or charity |
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| My spouse does not share our finances with me, so I don't know |
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| Other |
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Total Votes : 91
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(last vote on : 9/28/2008 1:56:42 AM)
(Poll will run till: -- )
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RE: If your spouse fell over dead tonight - 8/30/2008 11:48:09 AM
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Consecrated2God
Posts: 4976
Joined: 4/4/2005
From: Formerly Jesus Land
Status: offline
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We would be okay. Erick and I both have term life insurance and I would get $250,000 if he died. I'd have to move, though, since we live in a parsonage and the church would be wanting to hire another pastor. I'd probably move back closer to family, because if my kids didn't have a dad they'd need to have their grandparents close by. Family is so important. There are several inexpensive houses close to my parents that are for sale, so I'd buy one of them.
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<--Plantation house in Louisiana
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RE: If your spouse fell over dead tonight - 8/30/2008 11:48:33 AM
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zoebob
Posts: 8761
Joined: 4/13/2005
From: land of limbo
Status: online
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Do you mean immediately or once things kick in.
I would need help immediately. However, once SS kicked in (it took a few months for my SIL) I would be OK
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L-R: DD1, Ellies DS2, DD2, Ellies DS1
L-R: Ellies DD1, Ellies DD2, DS, Ellies DS3
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RE: If your spouse fell over dead tonight - 8/30/2008 12:39:39 PM
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Sideways
Posts: 3707
Joined: 4/12/2005
Status: offline
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Money or not, I think everyone would be leaning heavily on close friends and family in the early days after a spouse's death. My dad is named the executor of Greg's will should Greg die. I just couldn't handle it.
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This warranty does not include shark bites, bear attacks and children under five.
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RE: If your spouse fell over dead tonight - 9/1/2008 1:43:01 AM
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TammyIsBlessed
Posts: 1639
Status: offline
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We currently have insurance on DH for $200,000 but are in the process of getting insurance for both of us for $500,000 each.
Do any of you have insurance on your children? Both for paying for the funeral expenses as well as to cover living expenses for awhile in the likely event you won't want to work right away.
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I am only one, but still I am one. I cannot do everything, but still I can do something. I will not refuse to do the something I can do. Helen Keller
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RE: If your spouse fell over dead tonight - 9/1/2008 1:52:33 AM
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Mrs.Wifey
Posts: 5070
Joined: 4/12/2005
From: The Gorgeous plains of Colorado
Status: offline
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quote:
Do any of you have insurance on your children? Both for paying for the funeral expenses as well as to cover living expenses for awhile in the likely event you won't want to work right away.
We have a small amount, around $10k. Enough to cover the basics...
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RE: If your spouse fell over dead tonight - 9/1/2008 4:22:15 AM
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Homegrownkids
Posts: 1163
Status: offline
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I would be one that would need the help of family. I would not only loose my DH, but would loose our home since it is a parsonage, and would loose our church family since I would need to move back closer to my own family. I would have to depend on my parents to help with my children while I went back to school. I would, however, be totally debt free, since we try very hard to live that way. I would *maybe* be able to buy a mobile home with cash and move it onto my parents extra lot.
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www.caringbridge.org/visit/pray4noah
God heals!
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RE: If your spouse fell over dead tonight - 9/1/2008 6:45:09 AM
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Sideways
Posts: 3707
Joined: 4/12/2005
Status: offline
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quote:
ORIGINAL: TammyIsBlessed
Do any of you have insurance on your children? Both for paying for the funeral expenses as well as to cover living expenses for awhile in the likely event you won't want to work right away.
No, actually we don't. dH and I do not believe in burying anyone (waste of land space and completely pointless since the body is just a shell). We would cremate, then spread the ashes somewhere.
As far as not wanting to work? Well, I'm a SAHM at the moment, and dH would want to get back to work as soon as I would let him go. It's how he would best cope.
I suppose the only thing we'd need money for is psychiatric services and medication, since, honestly I'd probably be close to suicidal at something like that.
_____________________________
This warranty does not include shark bites, bear attacks and children under five.
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RE: If your spouse fell over dead tonight - 9/1/2008 3:35:49 PM
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HenriettasCat
Posts: 217
Joined: 4/26/2005
Status: offline
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We live debt free, our mortgage is also paid in full. Insurance is so expensive but we have taken out enough so that if something happened to one of us the other would get a lumpsum - £30, 000. We figure that would be enough to enable the other to get themselves and the family back on its feet. With the home all paid for we hope that the other could manage on a part time wage after that.
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RE: If your spouse fell over dead tonight - 9/1/2008 5:47:09 PM
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Sideways
Posts: 3707
Joined: 4/12/2005
Status: offline
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quote:
ORIGINAL: HenriettasCat
We live debt free, our mortgage is also paid in full. Insurance is so expensive but we have taken out enough so that if something happened to one of us the other would get a lumpsum - £30, 000.
It's a shame that insurance is so expensive there. We pay $90 every six months, and seriously, how much money does an average family spend on eating out and take out in six months time?
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This warranty does not include shark bites, bear attacks and children under five.
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RE: If your spouse fell over dead tonight - 9/1/2008 6:32:29 PM
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isaacsmom
Posts: 1978
Joined: 12/2/2005
Status: offline
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We have a policy on hubby, plenty enough that if something happened, a funeral could be paid for and our house paid off (that's pretty much the only debt we have) and we have a small amount invested. I finished school and have good work experience in the business world, so I'm confident I could find a job that would support the kids and me.
There is a small amount on me so hubby would be OK if something happened to me. He says he'd probably move back to where his parents are so he'd have plenty of help with the kids.
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<<< My littlest punkin'
*~*~*Rachel*~*~*
pirtlefarm.blogspot.com
Beware of posing as a profound person -- God became a baby. ~Oswald Chambers
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RE: If your spouse fell over dead tonight - 9/2/2008 8:39:28 AM
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bluestone
Posts: 2934
Joined: 2/25/2008
From: United States of America
Status: offline
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a couple of people have voted : "My spouse does not share our finances with me, so I don't know".
This is so dangerous. I do hope that communication over finances and end of life needs can be discussed in these marriages, even if it is uncomfortable.
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I need Christ. Not something that resembles Christ.
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RE: If your spouse fell over dead tonight - 9/2/2008 4:24:02 PM
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Coffee_Drinker
Posts: 109
Joined: 5/20/2008
Status: offline
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Financially...
Wife dies before me - Take care of business and move on (not intended to sound crass).
I die before wife - She can "shop til she drops" with all that insurance.
Emotionally...
We'd both be basket cases.
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Jesus Christ is the Son of God.
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RE: If your spouse fell over dead tonight - 9/2/2008 5:04:03 PM
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reach
Posts: 1367
Joined: 4/12/2005
Status: offline
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My husband makes more right now, and has insurance from work, so if he died, I would pay the house off with the insurance money. We don't have much more in expenses, so I could make it. We also have about 3-4 mortgage payments in our savings, so I could make apayment for a few months before any money arrived.
But I don't think I would want to continue living in that house with out him.
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RE: If your spouse fell over dead tonight - 9/2/2008 5:06:40 PM
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hotsaucygma
Posts: 2984
Joined: 4/12/2005
Status: offline
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This is an interesting question Bluestone. When I was married, my husband would not buy life insurance, he told me I could sell our home if he died (it had a lot of equity in it). If he would have quit smoking long enough for me to be able to get insurance on him at a lower rate I would have, but he wouldn't do that and since my personal funds were limited I couldn't afford the higher premium. I think I was told it would be about 3 months before blood work would be "ok" for a non-smoker policy. I would have been in a heck of a fix if he'd died during the marriage and while the kids were still home. Now, I have life insurance. My house would be paid for. I have been thinking about doing a pre-paid funeral/cremation so my kids wouldn't have to worry about it.
My Ex died awhile ago. He always thought he could just do things his way, so I truly believe he thought he had things set up. He did a will, but wouldn't pay a attorney to do it, which would have been "ok" if he'd had it properly witnessed. He made my DS beneficiary on some of his policies, had all his money in his name and his brother's; car, house etc. were only in his name. He got married just before he died (he was in his mid 50's), had told people what he wanted, but didn't write it out. Because he did things his own way, his "estate" is a mess. Things that he wanted are not being done. Things that he did do, but not correctly, are not being honored.
I say all this to make a point. Do not just talk to your spouse about financial things- make sure you have written out what you want done! Who you want to have personal items, what kind of service you want, if it is a second marriage - please make certain you have clear instructions on what you want your children to have and what you want your spouse to have. Make sure it is legal and binding! Don't think you are young and have time, you may- but you may not. I can not begin to tell you the pain his choices have caused in his family after his death. It is awful enough to have to deal with the loss and grief, do not add a financial mess to the family's pain!
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Dear Lord, let my words today be as sweet and delicious as cheesecake... for tomorrow I may have to eat them!
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RE: If your spouse fell over dead tonight - 9/2/2008 5:30:00 PM
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kernsfamily
Posts: 1333
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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We've got adequate life insurance on BOTH of us (me...the 'provider'...as well as my wife, the "stay at home mom").....
If something were to happen to my wife, we have adequate insurance on her to cover for a nanny to care for the children. While, in the "short term", depending on friends and family would suffice.....though, in the "long term", hiring competent help (nanny) would be preferable.
We have VERY little debt (just a relatively low amount on the house).....and, that's about it....
quote:
Do not just talk to your spouse about financial things- make sure you have written out what you want done! Who you want to have personal items, what kind of service you want, if it is a second marriage - please make certain you have clear instructions on what you want your children to have and what you want your spouse to have. Make sure it is legal and binding!
Our church has recognized the importance of proper "Estate Planning".....two to three times a year, our church conducts a "Will & Estate Planning Drive".....ALL who want one (members and the general public), can come in, fill out the proper paperwork, and in the end, you have a legally binding will and estate plan. This is a "service/ministry" put together by a group of attorneys in our church. At absolutely no cost to anyone.
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: If your spouse fell over dead tonight - 9/2/2008 5:32:08 PM
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hotsaucygma
Posts: 2984
Joined: 4/12/2005
Status: offline
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Wow Kernsfamily, that is a great service! I sure hope lots of people use it.
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Dear Lord, let my words today be as sweet and delicious as cheesecake... for tomorrow I may have to eat them!
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RE: If your spouse fell over dead tonight - 9/3/2008 4:21:22 PM
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kernsfamily
Posts: 1333
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
ORIGINAL: hotsaucygma
Wow Kernsfamily, that is a great service! I sure hope lots of people use it.
yes...
when we participated, it was the 2nd or so time they did a "Will & Estate Planning Drive"....
We did ours....along with about 300 others.
The "Drives" are conducted about 2-3 times a year....and, each time, several hundred participate.
we haven't done one since last Spring....but, here's the webpage for the info....in case you might want to suggest something like that for your church
http://www.prestonwoodfoundation.org/sites/document.asp?did=7040
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Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: If your spouse fell over dead tonight - 9/3/2008 8:40:05 PM
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bluestone
Posts: 2934
Joined: 2/25/2008
From: United States of America
Status: offline
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Other important things to have prepared and listed where your spouse can find them:
account numbers and online passwords
contact list of phone numbers and email addresses of those you want notified of your death.
insurance policies, agent phone numbers and names
location of will, and phone number of the lawyer who drew up the will, in case there are any problems.
If you have an accountant and stockbroker or wealth management group, make sure those names and phone numbers are available if you normally handle these things.
_____________________________
I need Christ. Not something that resembles Christ.
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RE: If your spouse fell over dead tonight - 9/6/2008 2:35:09 PM
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coolfamily6
Posts: 253
Joined: 4/18/2005
Status: offline
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quote:
Do any of you have insurance on your children? Both for paying for the funeral expenses as well as to cover living expenses for awhile in the likely event you won't want to work right away.
Malena's funeral was $3,500 for everything casket, service, plot and marker in 2000. We had enough money in savings to pay for it but someone (we don't know who) from our church paid for everything. The cemetary really works with parents because generally no one plans for their child to die. We bought our plots next to hers at the time.
Fortunately, that money came in handy because I did not go back to work until 2006 and I only work part-time now. Also, we had to pay for counseling for our son and myself for two years.
Other important things to have prepared and listed where your spouse can find them:
account numbers and online passwords a friend of mine was waiting for a lung transplant due to cystic fibrosis and she had a 5 subject notebook with information in each section for her husband in the event that the transplant did not happen. She died waiting and her dh would have been lost without that book.
I started something similar when she told me about it.
contact list of phone numbers and email addresses of those you want notified of your death.
I haven't done this but I figured my close friends would know because they took care of this when Malena died.
insurance policies, agent phone numbers and names
All in a fireproof safe. DH and I have keys and my sister (although she is not talking to me) knows where to find the spare.
location of will, and phone number of the lawyer who drew up the will, in case there are any problems.
Same as above.
If you have an accountant and stockbroker or wealth management group, make sure those names and phone numbers are available if you normally handle these things.
This are with all the other financial stuff.
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If your bible is a mess; your life won't be.
~Encouragement a mom gave to our children at our First Grader's Bible Ceremony!
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